Bitwise Launches First US Near ETF as Token Value Nearly Triples
Bitwise Launches First U.S. Spot NEAR ETF After Token Nearly Triples Since August
Bitwise has launched the first U.S. spot exchange-traded fund (ETF) focused on NEAR, giving investors access to the token through a regulated market product.
The launch comes after NEAR nearly tripled in value since August, placing the token among the digital assets that have drawn increased market attention in recent months. A spot ETF holds the underlying asset, rather than relying solely on derivatives tied to its price.
The product marks a new step in the expansion of crypto investment vehicles in the United States. It also gives investors who prefer traditional brokerage accounts a way to gain exposure to NEAR without directly holding the token.
